Purepoint Releases Hook Lake Winter Program Results
TORONTO, ONTARIO -- (Marketwired) -- 06/20/13 -- Purepoint Uranium
Group Inc. (TSX VENTURE:PTU) today announced the results of the
winter exploration program at the Hook Lake Project in Saskatchewan's
Athabasca Basin. The project is a joint venture with AREVA Resources
Canada Inc. and Cameco Corporation and is located immediately north
of Patterson Lake where high-grade uranium mineralization has been
discovered by the Fission Uranium Corp and Alpha Minerals Inc. Joint
The 2013 diamond drill program focused on the highly prospective
"Patterson Lake Corridor", the same (electromagnetic) conductive
trend that hosts the Patterson Lake South (PLS) uranium discovery.
Two drill holes targeted the "D2" Conductor but were both lost due to
difficult drilling conditions. The "D1" Conductor was successfully
tested by two drill holes located 800 metres apart with one drill
hole intersecting favourable structures, alteration and weakly
anomalous radioactivity (up to 138 ppm U over 2.3 metres).
"Our recent drill program along the Patterson Lake Corridor has
provided further evidence of widespread hydrothermal alteration and
structural disruption," said Scott Frostad, Purepoint's VP of
Exploration. "Geological conditions that favour uranium deposition
have long been recognized at Hook Lake, and the potential for a major
discovery here is certainly supported with the nearby success on the
Based on the positive indicators for uranium deposition at the Hook
Lake Project, well-established electromagnetic (EM) conductors and
the local discovery of high grade uranium mineralization, the Joint
Venture partners are now reviewing an expanded drill program for the
next drill season. Further interpretational work is now underway to
prioritize drill targets and will be provided to the Technical
Committee for approval later this summer.
-- One of the two drill holes completed within the Patterson Lake Corridor
(HK13-06) in 2013 intersected favourable structures, alteration and
weakly anomalous radioactivity (up to 138 ppm U over 2.3 metres);
-- A ground EM survey conducted on Patterson Lake has pinpointed the
position of a strong airborne EM conductor for future drilling;
-- A significant 2014 exploration program is proposed for the winter of
Patterson Lake Corridor Results
A total of 925 metres of drilling was completed at the Hook Lake
Project this winter, all within the Patterson Lake Corridor. The four
holes were all drilled vertically with two being lost before reaching
HK13-05A was collared 1.2 kilometers northwest of Patterson Lake on
the "D2" Conductor, the same EM conductor that historic drill hole
PAT-04 returned weakly anomalous uranium (105 ppm U over 4.2 metres)
from an interpreted basement clay regolith. HK13-05A was lost within
unconsolidated calcareous sandstone (Devonian) at a depth of 118
metres. The drill was moved 15 metres and the hole restarted
(HK13-05) but was again lost within loose sand at a depth 45 metres.
HK13-06 targeted the "D1" Conductor on the Hook Lake project. It
encountered competent Athabasca sandstone to 160 metres,
unconsolidated sand to 183 metres, and then no core recovery occurred
until the basement rock was intersected at 220.1 metres. The basement
rock was strongly foliated/sheared to a depth of 340 metres and
associated with four fault zones, interpreted as being sub-vertical
and ranging in width from 2 to 11 metres (true width unknown).
Quartz-rich semi-pelitic gneiss with strong hydrothermal chlorite
alteration locally seen overprinting hematite alteration was
encountered to 299.6 metres, then weakly radioactive graphitic
pelitic gneiss to 309.0 metres. The graphitic pelite returned 138 ppm
U over 2.3 metres from 301.7 and 304.0 metres and the interval was
associated with dark green to black chlorite alteration. The hole was
completed within unaltered quartz-rich semi-pelitic gneiss at a depth
of 384.0 metres.
HK13-07 was also collared on the "D1" Conductor approximately 800
metres south of drill hole HK13-06. The hole intersected numerous
intervals of unconsolidated Athabasca sandstone before reaching the
unconformity at a depth of 213.9 metres. Strongly hematite altered,
weak to moderately foliated pelitic gneiss was encountered to a depth
of 290 metres before becoming strongly chlorite altered. The EM
conductor was explained by the intersection of graphitic pyritic
pelitic gneiss from 315 to 320 metres, 338 to 354 metres, and again
from 366 to 371 metres. The hole was completed at a depth of 378
metres within weakly foliated quartz-rich pelitic gneiss containing
coarse, weakly chloritized garnets. No significant radioactivity was
encountered by this hole.
In addition to the drill program, a ground EM survey was conducted
over Patterson Lake and covered interpreted structural breaks of a
strong airborne EM conductor. A total of 24 line kilometres of small
moving loop transient EM surveying was completed and the results have
provided targets for the next drilling campaign.
Hook Lake Project
The Hook Lake Project consists of nine claims totaling 28,683
hectares and is situated in the southwestern Athabasca Basin only 5
kilometres northeast of the new high-grade uranium discovery by the
Fission/Alpha joint venture. The depth to the Athabasca unconformity
is very shallow, ranging from zero to 350 metres. Three prospective
structural "corridors" have been defined on the property, each
corridor being comprised of multiple EM conductors that have been
confirmed to be the results of graphitic metasediments that intersect
the Athabasca unconformity.
The Patterson Lake Corridor is the same conductive trend along which
the Fission/Alpha joint venture has intersected high-grade uranium
mineralization, most notably the intercept of 8.6% U3O8 over 20.5
metres in drill hole PLS13-059 (Fission Uranium Corp. press release
of May 27, 2013). Within the Hook Lake project, the Patterson Lake
Corridor displays geophysical evidence of a complex structural
history and, where drill tested, has shown favourable signs of
alteration and structural disruption. In 2011, three new claims
totaling 2,632 hectares were added to the Hook Lake project due north
of where high grade uranium boulders were discovered by Fission/Alpha
on their PLS property.
Purepoint Uranium Group Inc. is focused on the precision exploration
of its eleven projects in the Canadian Athabasca Basin. Purepoint
proudly maintains project ventures in the Basin with three of the
largest uranium producers in the world, Cameco Corporation, AREVA and
Rio Tinto. Established in the Athabasca Basin well before the initial
resurgence in uranium earlier last decade, Purepoint is actively
advancing a large portfolio of multiple drill targets in the world's
richest uranium region.
Scott Frostad BSc, MASc, PGeo, Purepoint's Vice President,
Exploration, is the Qualified Person responsible for technical
content of this release.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Purepoint Uranium Group Inc.
President and CEO
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